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SEKUNJALO INVESTMENTS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                 
  Sekunjalo Investments Limited                                                   
  (Company registration no: 1996/006093/06)                                       
  Share code: SKJ   ISIN: ZAE000017893                                            
  ("Sekunjalo")                                                                   
  FURTHER CAUTIONARY ANNOUNCEMENT                                                 
  Further to the cautionary announcement dated 28 August 2003, shareholders are   
  advised that Sekunjalo is still in the process of finalising the terms of the   
  rights offer and shareholders of Sekunjalo are accordingly advised to continue  
  exercising caution when dealing in their securities until a detailed            
  announcement is made.                                                           
  Cape Town                                                                       
  13 October 2003                                                                 
  Sponsor                                                                         
  Nedbank Corporate                                                               
  Date: 13/10/2003 04:57:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  

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